The Advanced Tech Company has a project to design an integrated information data base for a major bank. Data for the project are given in the following table. Indirect project costs amount to $250 per day. The company will incur a $200 per day penalty for each day the project lasts beyond day 16.Normal Time(days)4Crash Time(days)33Crash Cost($)1,0002,2001,500553321,500441,500211,40011,0003500a. What is the project's duration if only normal times are used?The project duration is 22 day(s). (Enter your response as an integer.)b. What is the minimum-cost schedule?With the minimum-cost schedule, the project duration is day(s). (Enter your response as an integer)ActivityA8CDEFGH35Normal Cost ($)8001,0005001,2001.5001,300900300ImmediatePredecessor(s)-ABBC. DEEG

A crashing schedule helps the project team to reduce the normal duration for completing the project…

Answered: The Advanced Tech Company has a project…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 21P

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Using your results from Problem 6,(a) Calculate the probability that the project will be completedin 38 weeks.(b) Calculate the probability that the project will be completedin 42 weeks
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Office Automation Inc., developed a proposal for implementing a software system that will standardize the accounts payable function by automatically issuing an electronic payment upon receipt of the vendor invoice. Contained in the proposal is a list of activities that must be accomplished to complete the project. The following table contains relevant information about the activities. Time (weeks) Cost ($1,000s) Activity Description ImmediatePredecessor Normal Crash Normal Crash A Plan needs 10 8 30 70 B Order equipment A 8 6 120 150 C Install equipment B 10 7 100 160 D Set up training lab A 7 6 40 50 E Conduct training course D 10 8 50 75 F Test system C, E 3 3 60 (d) Assume that the company wants to complete the project in six months or 26 weeks. What is the amount of crash time (in weeks) for each activity that minimizes cost? (A, B, C, D, E) = (e) Develop an activity schedule for the crashed project. Activity EarliestStart LatestStart…
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